Mizuho Securities USA LLC Sells 13,754 Shares of Halliburton Company (NYSE:HAL)

Key Points

• Mizuho Securities USA LLC has reduced its holdings in Halliburton Company by 16.5% in the first quarter, selling 13,754 shares and dropping to 69,508 shares valued at approximately $1.76 million.
• Several hedge funds have increased their stakes in Halliburton, with Rockefeller Capital Management increasing by an impressive 796.6%, now owning 512,348 shares worth nearly $14 million.
• Wall Street analysts have adjusted their price target for Halliburton, with estimates ranging from $20.00 to $31.00, reflecting a mixed sentiment with twelve analysts rating it a buy.

Mizuho Securities USA LLC decreased its position in Halliburton Company (NYSE:HAL - Free Report) by 16.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 69,508 shares of the oilfield services company's stock after selling 13,754 shares during the period. Mizuho Securities USA LLC's holdings in Halliburton were worth $1,763,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of HAL. Integrated Wealth Concepts LLC lifted its position in shares of Halliburton by 0.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 84,675 shares of the oilfield services company's stock valued at $2,302,000 after acquiring an additional 484 shares in the last quarter. Fayez Sarofim & Co lifted its position in Halliburton by 3.1% in the 4th quarter. Fayez Sarofim & Co now owns 17,060 shares of the oilfield services company's stock worth $464,000 after buying an additional 520 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in Halliburton by 8.9% in the 1st quarter. SBI Securities Co. Ltd. now owns 6,870 shares of the oilfield services company's stock worth $174,000 after buying an additional 562 shares in the last quarter. Mediolanum International Funds Ltd lifted its position in Halliburton by 0.8% in the 1st quarter. Mediolanum International Funds Ltd now owns 72,381 shares of the oilfield services company's stock worth $1,815,000 after buying an additional 584 shares in the last quarter. Finally, Hills Bank & Trust Co lifted its position in Halliburton by 1.6% in the 1st quarter. Hills Bank & Trust Co now owns 38,733 shares of the oilfield services company's stock worth $983,000 after buying an additional 595 shares in the last quarter. Institutional investors own 85.23% of the company's stock.

Halliburton Stock Performance

NYSE:HAL traded up $0.19 during midday trading on Wednesday, reaching $21.16. The stock had a trading volume of 9,058,379 shares, compared to its average volume of 14,991,138. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $32.57. The firm's fifty day simple moving average is $21.63 and its 200-day simple moving average is $22.63. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.00 and a quick ratio of 1.47. The stock has a market capitalization of $18.04 billion, a P/E ratio of 9.89, a PEG ratio of 3.67 and a beta of 1.12.

Halliburton (NYSE:HAL - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.55. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.43 billion. During the same period last year, the business posted $0.80 EPS. Halliburton's revenue was down 5.5% compared to the same quarter last year. On average, equities research analysts forecast that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.2%. Halliburton's dividend payout ratio (DPR) is presently 31.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HAL shares. The Goldman Sachs Group cut their target price on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Citigroup cut their target price on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Susquehanna cut their target price on shares of Halliburton from $30.00 to $27.00 and set a "positive" rating for the company in a research report on Wednesday, July 23rd. Barclays cut their target price on shares of Halliburton from $26.00 to $22.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company cut their target price on shares of Halliburton from $28.00 to $26.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Halliburton has a consensus rating of "Moderate Buy" and a consensus price target of $31.00.

Halliburton Company Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.